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businesspress > Blog > News > For an AI Startup, Musk is Raising $6 Billion. Is TikTok Avoiding Apple’s Commissions as Well?
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For an AI Startup, Musk is Raising $6 Billion. Is TikTok Avoiding Apple’s Commissions as Well?

BusinessPress
Last updated: May 4, 2024 3:20 pm
BusinessPress
Published May 4, 2024
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Musk’s baby, xAI, which is 10 months old, is getting close to a whooping $6 billion in funding. Elon’s tech family also includes the social network X, formerly known as Twitter, which is already a shareholder. At first, the deal was only expected to raise $3 billion, but as more people wanted to participate, the price increased. Investors include Musk’s best friends from Future Ventures and Sequoia Capital, as well as a few other friends who might also be attending this AI party. At this point, everything feels very Mean Girls-esque, as in You can’t sit with us.” But what really gets to me is how conceited Musk seems to be.

Although I hasten to add, the previous administration tried that too, and TikTok is still here and still going strong—sure, it might be on the verge of being completely banned from the United States—but TikTok might be cunning in more ways than one. Rumour has it that TikTok and Apple are having a little game of hide-and-seek. Or should we say, hide-and-seek on the web? It seems that they are attempting to persuade users to purchase their digital tipping coins straight from their website rather than giving Apple their thirty percent cut for in-app purchases.

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Reading: For an AI Startup, Musk is Raising $6 Billion. Is TikTok Avoiding Apple’s Commissions as Well?
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